Cryptocurrency market capitalization will double in 6 months

The cryptocurrency market may double its capitalization in the coming months and gain another trillion in weight.dollars.

Eric Voorhees, head of cryptocurrencyTrading company ShapeShift believes that at least another trillion dollars will come to the cryptocurrency market in the next six months, as a result of which the total valuation of all digital assets will double and grow to two trillion dollars. He noted that in order to reach the $1 trillion level, the cryptocurrency market took 12 years, but the next milestone in its development will be passed much faster.

Crypto Market Cap: $ 1 Trillion

Took ten years. It will take less than six months to get to $ 2 Trillion.https: //t.co/X4HCHcbEKs #bitcoin #ethereum pic.twitter.com/Ggvu00vlFv

- Erik Voorhees (@ErikVoorhees) January 7, 2021

The current rise in bitcoin prices has become a driverinterest in digital assets in general. At the same time, the popular question is: "when is the downward correction?" has not yet found an unambiguous answer on the market. Thus, analyst Ren Neuner is sure that "we will never see bitcoin cheaper than 25 thousand dollars."

We will never see a Bitcoin below $ 25000!

- Ran Neuner (@cryptomanran) January 7, 2021

Another expert, Alex Kruger, said that hesees the situation with macroeconomic factors affecting the cryptocurrency market fundamentally different than at the end of 2017. Then, in December 2017, Kruger spoke about a quick and strong correction in the price of Bitcoin, which happened already at the beginning of 2018, but now, as he assures, the situation is different: “expecting Bitcoin to fall by 80% in the current conditions is It’s like thinking that the S&P index will show a decline of 50%.”

The guy waiting for bitcoin to crash 80% is now similar to that guy waiting for the S&P to crash 50%.

- Alex Krüger (@krugermacro) January 7, 2021

In his opinion, the main factor that bitcoin,most likely, the price will continue to rise - this is "real money from institutional investors." That is why he expects the bitcoin price to hit $ 50,000 "in the next few months." In addition, he believes that “we will most likely never see $ 20K bitcoin again.

</p>

Rate this publication